Finding the Right Mortgage Lender

So you have fallen in love with a house. The size is perfect, the area is ideal, and the price is right. You’re now serious about buying the home, and you need a good mortgage lender on your side.  Where do you go?

Find Mortgage Lenders Through Customer Referrals

The first step is to ask friends, relatives, and trusted colleagues for mortgage referrals. Ask these people what they liked (or didn’t like) about their lender. Make sure to ask a diverse group of people for referrals to get an idea of similar experiences.  For example, if you ask a wealthy client who has lots of rental property all over the country and has built a strong business relationship with theirmortgage lender, it is likely that lender offers them the best possible rate and services the client exceptionally well.  If this is not your case, take that into consideration.

Referrals are a great place to start because most of the time past clients have no monetary incentive to giving a good referral.  They do it because they honestly liked their lender, and felt they did a good job for them.  Likewise, you can also ask your realtor or appraiser for referrals. It is likely they work closely with one or two lenders they trust.

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Find a Mortgage Lender in Your Area

The lender you use should be local to your area.   Meaning, you should be able to physically meet him or her in their office at an accredited lending facility.  By being local, they will have more expertise in your market, and will offer you greater accessibility. Mortgage-Guide has the ability to connect home buyers across the country with mortgage lenders who are local to your area and who can assist your throughout the process.

Most importantly however, the lender you chose should compliment your buying experience, and make you feel as informed and comfortable as possible.  There are lots of lenders out there, so you can afford to be picky. Speak with a few different agents to get an idea of what your options are. By requesting a quote from Mortgage-Guide, you are not obligated to continue with that specific mortgage lender, so feel free to request a quote so you can compare your options, ultimately allowing you to make the most informaed decision possible.

Shop around until you find a mortgage lender who can offer you everything you are looking for both emotionally and financially.  You will need to provide the lender with sensitive personal information including your income, assets, and liabilities. Thus they must posses a high level of competence and professionalism. 

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.